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DCC group's Sercom division is moving to extend its product and market reach.

The French firm made a profit of €3m on revenues of €65.2m for the year ended 31 December 2009. DCC gets a 74 per cent stake in the company and hopes to close the deal in October. There is a three-year earn out deal - if Comtrade hits targets then DCC will acquire the remaining shares at the end of each financial year up until 2013.

Tommy Breen, chief executive of DCC, said there was an excellent fit between the two businesses.